Here's what you need to know about the tax, which has been a thorn in the side of the Canada-U.S. relationship for years.

President Trump announced that he is suspending trade talks with Canada and will impose a higher tariff rate on the U.S.’s northern neighbor within a week due to Canada’s decision to

Prime Minister Carney, addressing local media, emphasised the intricacy of the negotiations, stating, "We'll continue to conduct these complex negotiations in the best interest of Canadians. It's a negotiation.